Hill International Managing Two Major Renovation Projects for Blackstone

Published 12:50 PM ET Thu, 22 Sept 2016
Globe Newswire

PHILADELPHIA and FRANKFURT, Germany and ISTANBUL, Turkey, Sept. 22, 2016 (GLOBE NEWSWIRE) -- Hill International (NYSE:HIL), the global leader in managing construction risk, announced today that it has received two contracts from Blackstone to manage major renovation projects in Germany and Turkey.

Hill was retained by Blackstone to manage the restoration of Messeturm Tower in Frankfurt, Germany. Messeturm Tower is a 63-story, 62,300-square-meter (670,500-square-foot) commercial office tower, the second tallest building in Germany and the third tallest building in the European Union. Hill is providing project appraisal services and developing a project implementation plan during phase I of the project and acting as the program, project and cost manager responsible for implementation of works during phase II of the project. The project entails various capital expenditure measures for defensive maintenance, tenant improvement fit-out and general building improvements.

Hill was also retained by Multi-Corporation, Blackstone’s retail affiliate, to provide project and construction management services in connection with the renovation of eleven shopping centers throughout Turkey. Multi-Corporation is a leading owner, manager, developer and redeveloper of high-quality shopping centers across Europe and manages more than 130 shopping centers accommodating more than 400 million visitors per year.

“We are very excited to assist Blackstone with these important renovation projects,” said Raouf S. Ghali, Hill’s President and Chief Operating Officer. “We have full confidence that our team will deliver and exceed all of their expectations,” added Ghali.

Hill International, with 4,500 professionals in 100 offices worldwide, provides program management, project management, construction management, construction claims and other consulting services primarily to the buildings, transportation, environmental, energy and industrial markets. Engineering News-Record magazine recently ranked Hill as the eighth largest construction management firm in the United States. For more information on Hill, please visit our website at www.hillintl.com.

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